5,000 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Miura Global Management LLC

Miura Global Management LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,000 shares of the electric vehicle producer's stock, valued at approximately $2,019,000. Tesla comprises about 2.2% of Miura Global Management LLC's portfolio, making the stock its 16th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the company. Morse Asset Management Inc grew its holdings in shares of Tesla by 18.4% during the fourth quarter. Morse Asset Management Inc now owns 10,311 shares of the electric vehicle producer's stock worth $4,164,000 after purchasing an additional 1,599 shares during the last quarter. NDVR Inc. bought a new position in Tesla during the fourth quarter worth $265,000. MJP Associates Inc. ADV raised its position in shares of Tesla by 14.3% in the 4th quarter. MJP Associates Inc. ADV now owns 5,527 shares of the electric vehicle producer's stock worth $2,232,000 after acquiring an additional 690 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Tesla by 45.5% in the 4th quarter. Lazard Asset Management LLC now owns 236,938 shares of the electric vehicle producer's stock valued at $95,684,000 after purchasing an additional 74,046 shares during the period. Finally, Leigh Baldwin & CO. LLC bought a new position in shares of Tesla during the 4th quarter worth approximately $601,138,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Performance

Shares of Tesla stock traded down $4.86 during trading hours on Thursday, reaching $342.82. The company had a trading volume of 97,570,410 shares, compared to its average volume of 96,795,965. The business has a fifty day simple moving average of $262.55 and a 200 day simple moving average of $328.41. Tesla, Inc. has a one year low of $167.41 and a one year high of $488.54. The firm has a market cap of $1.10 trillion, a PE ratio of 168.05, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.02 and a quick ratio of 1.61.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The firm had revenue of $19.34 billion for the quarter, compared to analysts' expectations of $22.93 billion. Tesla had a net margin of 7.26% and a return on equity of 10.31%. During the same quarter last year, the firm earned $0.45 earnings per share. On average, analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TSLA. Royal Bank of Canada reduced their price target on shares of Tesla from $314.00 to $307.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. UBS Group cut their target price on Tesla from $225.00 to $190.00 and set a "sell" rating on the stock in a report on Thursday, April 10th. Bank of America lowered their price objective on shares of Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Mizuho decreased their price target on Tesla from $375.00 to $325.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Canaccord Genuity Group cut their price objective on shares of Tesla from $404.00 to $303.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and a consensus target price of $287.46.

Insider Buying and Selling

In related news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $299.61, for a total value of $33,673,167.90. Following the transaction, the director now owns 85,000 shares of the company's stock, valued at $25,466,850. This represents a 56.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,672 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $268.73, for a total transaction of $718,046.56. Following the transaction, the chief financial officer now owns 26,950 shares in the company, valued at $7,242,273.50. The trade was a 9.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 412,623 shares of company stock worth $115,600,501. Insiders own 20.70% of the company's stock.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.